Today, in his interview on WTAW radio, Chet Edwards gave the current Democratic Party talking points in his assessment of the Fannie Mae/ Freddie Mac meltdown. Edwards blamed deregulation (Gramm-Leach-Bliley Bill) signed into law by President Bill Clinton and Wall Street greed for the crisis that is quickly accumulating to a 1 trillion $ plus bill to the American taxpayer.
What Chet failed to mention were the actual regulations Congress applied to the socialized government entities. Congress alone is responsible for the regulation requiring such little things as the inability to assess the ability of the mortgage applicant to actually pay back the loan or even proof of employment. And just how are these government entities allowed to contribute to political campaigns when private businesses can't, if not through those insidious little congressional regulations? Not to mention those little regulations that allowed the likes of Franklin Raines, Daniel Mudd, Jim Johnson and Jaime Gorelick to score big bonuses and fabulous perks.
These are just a few regulations the jackalope would like to see investigated and deregulated.
We need serious change in Congress. How about starting with one less Democrat in the House of Representatives?
Elect Rob Curnock (R) to represent Texas District 17.
Wednesday, September 24, 2008
Tuesday, September 23, 2008
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